Could be a tough winter, but everybody I know in the industry is bustin' a$$ to drill wherever we CAN.
Naturally, enviros and left wing Guuv org's are putting the brakes on as fast as you can say FREEZING CONSUMERS THIS WINTER.
Hey, I'm doing my part for my country. Just finished putting a pump jack unit on a Barnett Shale well on my ranch. 51bpd for the first 24 hours (and a lot of frac water, too), 66bpd for the second full day (and 246mcf gas, with a connecting pipeline being finished this month). OK, that's a pretty tiny well in the grand scheme of life (big for me, though), but I'm producing more than I'm consuming so I'm officially a CONTRIBUTOR to the solution rather than to the problem.
That being said, we've got to start refining coal into coal oil and gasoline. We've got enough domestic coal to eliminate imported crude oil altogether. Economically, the coal is a bit too deep on my land for me to have a realistic shot at profiting directly, but our nation needs the coal solution more than I need the money.
Coal oil ran WW2 Germany, Apartheid South Africa during sanctions, and China has just opened up their first large coal oil refinery (so the handwriting is on the wall).
There are 4 gas and oil trust which have been excellent investments this past year. These trusts also spin off great dividends running from 7 to 12% per year.
These trusts can be bought and sold like stocks, SJT, PTF, PGH, PWI.
http://finance.yahoo.com/q/bc?s=SJT&c=PTF,PGH,PWI&t=
Shell's ingenious approach to oil shale is pretty slick
But no doubt the environmentalists will pull out all the stops to prevent it. They have a pretty good track record for scr*wing this county...
At the suggestion of writer Michelle Malkin last Friday, I have cobbled together a blogsite called Texas Clearinghouse for Katrina Aid to serve as a clearinghouse for refugee efforts in Texas.
Texas is getting more refugees than any other state -- that's fine, we'll take them all -- but we need help providing them with food, clothing, medicine, and shelter. We need help taking care of their pets, too.
If you are a refugee, you can information that will help you find relief. If you want to donate or volunteer, you can find someone who needs you. Believe me, there are a lot of organizations who need your help.
Right now the site mostly covers Houston, San Antonio, and Dallas but I'm adding more every night. My wife was down at Reunion Arena in Dallas Tuesday handing out care packages and spiritually ministering to the refugees as a representative of her employer. She says that the situation is tragic and that there's a lot of work to be done. There are so many children who don't know where their parents are or even if their parents are still alive.
There are a lot of churches and other organizations in Texas that need help in dealing with the problem and I would appreciate it if you would get the word out.
Many thanks,
Michael McCullough
Stingray blogsite